Taylor Morrison Home Co. (NYSE:TMHC) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its stake in shares of Taylor Morrison Home Co. (NYSE:TMHC - Free Report) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,369,832 shares of the construction company's stock after purchasing an additional 20,908 shares during the period. Arrowstreet Capital Limited Partnership owned about 1.32% of Taylor Morrison Home worth $83,847,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. State Street Corp increased its stake in Taylor Morrison Home by 2.8% during the 3rd quarter. State Street Corp now owns 4,987,968 shares of the construction company's stock worth $350,455,000 after buying an additional 136,432 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Taylor Morrison Home by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,051,580 shares of the construction company's stock worth $144,144,000 after purchasing an additional 69,222 shares in the last quarter. Norges Bank purchased a new position in Taylor Morrison Home in the 4th quarter valued at $93,810,000. Fisher Asset Management LLC lifted its holdings in Taylor Morrison Home by 9.0% in the 4th quarter. Fisher Asset Management LLC now owns 1,255,266 shares of the construction company's stock valued at $76,835,000 after purchasing an additional 103,289 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Taylor Morrison Home by 24.0% during the 4th quarter. JPMorgan Chase & Co. now owns 811,253 shares of the construction company's stock worth $49,657,000 after purchasing an additional 156,793 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company's stock.

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Insider Buying and Selling at Taylor Morrison Home

In other news, Director David C. Merritt sold 2,402 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $63.98, for a total transaction of $153,679.96. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $60.75, for a total transaction of $93,372.75. The disclosure for this sale can be found here. 3.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Barclays upgraded Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $75.00 to $90.00 in a report on Wednesday, December 11th. Royal Bank of Canada increased their price target on Taylor Morrison Home from $72.00 to $74.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. StockNews.com lowered Taylor Morrison Home from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Finally, Seaport Res Ptn upgraded Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $82.43.

Taylor Morrison Home Trading Down 5.9 %

Shares of NYSE:TMHC traded down $3.61 during midday trading on Thursday, reaching $57.71. 1,180,916 shares of the company's stock were exchanged, compared to its average volume of 878,561. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 6.97 and a beta of 1.76. Taylor Morrison Home Co. has a fifty-two week low of $53.17 and a fifty-two week high of $75.49. The firm's 50 day simple moving average is $62.10 and its two-hundred day simple moving average is $65.59. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.39 and a quick ratio of 0.94.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.40 by $0.24. Taylor Morrison Home had a net margin of 10.81% and a return on equity of 16.50%. As a group, sell-side analysts forecast that Taylor Morrison Home Co. will post 8.93 EPS for the current fiscal year.

Taylor Morrison Home Profile

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.